You are still living in the home in which you raised the kids. You have lots of memories in that home. The kids moved out decades ago. You do not use or need the other two or three bedrooms anymore. It sure is a lot of work maintaining more than 2,000 square feet of home and the accompanying yard.
You thought you were retired. Taking care of the home is almost a full-time job. There’s the vacuuming, dusting, bathrooms and other regular cleaning. And there always seems that there is something that needs fixing: the roof, electrical, plumbing, furnace or other things. And then there’s the yard work, the lawn and the flower beds.
You can’t do it all anymore. The taxes, insurance and utilities keep on going up. Not only is taking care of the home almost a full-time job, it has been getting more and more costly, and eating into your savings. What to do?
It is time to move. Downsize the home and downsize the expense. Maybe cut the home ownership cord completely and rent a one bedroom apartment in Lynchburg, VA. With renting, there are no more taxes or home insurance. Renters’ insurance can insure your stuff, at a much lower cost. Oftentimes, utilities are included in the rent. And if you are a renter, you do not have to worry about having to sell when you are no longer able to live there.
Downsizing your home will assist you with staying in control and being able to enjoy your leisure time while you are alive and well.
Excerpts - The Times Herald